ABAT vs SLDP: Correlation
How closely do American Battery Technology Company (ABAT) and Solid Power, Inc. (SLDP) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABAT and SLDP?
Across a 3-year window, the weekly returns of ABAT and SLDP correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 7874.3 %².
By 3-year correlation, SLDP places #11 of the 29 assets tracked against ABAT. The last year tells two different stories: ABAT led by 48.5 percentage points, +2.1% for ABAT against -46.4% for SLDP. Note the risk asymmetry: ABAT runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABAT vs SLDP: side by side
| ABAT (American Battery Technology Company) | SLDP (Solid Power, Inc.) | |
|---|---|---|
| 1-year return | +2.1% | -46.4% |
| 5-year return | -88.8% | -76.1% |
| Volatility (ann.) | 153.9% | 87.4% |
| Beta vs S&P 500 | 2.08 | 1.88 |
| Max drawdown (3Y) | -93.2% | -76.5% |
| Market cap | $0.4B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABAT | SLDP |
|---|---|---|
| 2022 | -62.0% | -70.9% |
| 2023 | -23.2% | -42.9% |
| 2024 | -47.5% | +30.3% |
| 2025 | +35.8% | +124.9% |
| 2026 | -19.9% | -44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABAT and SLDP good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ABAT and SLDP?
As of 2026-08-27, the correlation of weekly returns between ABAT and SLDP is 0.59 over 3 years, 0.52 over 1 year and 0.46 over 5 years.
Is SLDP a good diversifier for ABAT?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abat-vs-sldp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abat-vs-sldp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABAT correlations · SLDP correlations
